Grammys 2022: NFTs hot topic of discussion among musicians and industry experts
Music industry experts and leading musicians discussed and showcased NFTs at the 2022 Grammys. The billion-dollar music industry has shown recent interest in nonfungible tokens (NFTs) as musicians everywhere are beginning to understand the power of moving away from centralized business models. This concept is currently being demonstrated by early innovators like the popular rapper Snoop Dogg, who recently acquired Death Row Records with plans to transform the company into the first NFT recording label in the Metaverse. Country music icon Dolly Parton also recently launched her first NFT....
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The Latin Grammy Awards is stepping into Web3 through its first NFT collection in collaboration with OneOf Web3 music platform. This year’s 64th Latin Grammy Awards will have its first-ever nonfungible token (NFT) collection after the Latin Recording Academy signed a three-year contract for award show-related NFTs.The aforementioned partnership is between the Latin Recording Academy, which is behind the Latin Grammys, and OneOf, a Web3 music platform. Each collection, which will lead up to that year’s award show, will include drops highlighting Latin music.According to Manuel Abud, the CEO....
(This is a three-part deep dive into the current state of the world’s music NFT industry and how it is making an impact on society) Last year, we’ve seen NFTs sweep the music industry once the COVID-19 pandemic entirely cut off musicians from their primary sources of income. Without any live shows, concerts, and CD […]
Cointelegraph spoke with NFT musicians and Web3 music industry natives to understand what came first: the music or the desire to make an NFT. Music-related use cases for Web3 technologies are piling up as the industry goes all in on adoption. From democratizing song rights royalties and blockchain licensing to legacy companies like Sony Entertainment filing patents for nonfungible token- (NFT)-authenticated music.While electronic dance music and pop seem to be picking up the most attention in terms of NFT music, they’re even making a difference in more traditional areas like opera.Just....
The high value and unique rewards system that nonfungible tokens offer is a revolutionary and highly appealing opportunity for musicians. The revolution will not be televised — it will be minted. Earlier this year, we saw the meteoric rise (and fall) of nonfungible tokens, or NFTs, in mainstream media and popular culture. We all heard about them, but was the hype real? Top businessmen and media moguls, such as Mark Cuban and Gary Vee, still strongly advocate NFT use and the role smart contracts will play in the near future, while each week new NFT exchanges and drops continue to roll out.....
Non-fungible tokens, or more generally referred to as NFTs, continue to be a hot topic of discussion within the crypto market. Some argue that they have virtually run out of energy, yet a few recent events appear to indicate the contrary. XCOPY, a pseudonymous cryptocurrency artist, has sold almost $24 million worth of NFTs in […]